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Chindex International Inc. Reports Operating Results (10-Q)

August 09, 2012 | About:
10qk

10qk

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Chindex International Inc. (CHDX) filed Quarterly Report for the period ended 2012-06-30.

Chindex International, Inc. has a market cap of $159.7 million; its shares were traded at around $10.48 with a P/E ratio of 44.4 and P/S ratio of 1.4. Chindex International, Inc. had an annual average earning growth of 6.1% over the past 5 years.

Highlight of Business Operations:

Our healthcare services revenue for the three months ended June 30, 2012 was $39,117,000, a 33% increase from the three months ended June 30, 2011 revenue of $29,465,000. The increase in net revenue is attributable to growth in both inpatient and outpatient services.

Bad debt expense increased by $132,000, and, as a percentage of net revenue, bad debt expense was 1.6% in 2012, compared to 1.7% in the comparable prior year period, both of which are in line with our historic averages.

Our healthcare services revenue for the six months ended June 30, 2012 was $71,629,000, a 34% increase from the six months ended June 30, 2011 revenue of $53,650,000. The increase in net revenue is attributable to growth in both inpatient and outpatient services.

Bad debt expense increased by $465,000, and, as a percentage of net revenue, bad debt expense was 1.9% in 2012, compared to 1.7% in the comparable prior year period, both of which are in line with our historic averages.

Because we receive 100% of our revenue and generate approximately 97% of our expenses within China, we have foreign currency exchange risk. The Chinese currency (RMB) is not freely traded and is closely controlled by the Chinese Government. The U.S. dollar (USD) has experienced volatility in world markets recently. During the six months ended June 30, 2012, the RMB appreciated approximately 0.4% against the USD, resulting in an exchange loss of $242,000.

Read the The complete Report

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